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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss$ (48,331)$ (54,770)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization287,739305,066
Equity in losses of unconsolidated real estate partnerships8,43211,799
Gain on dispositions of unconsolidated real estate and other(5,115)(5,368)
Discontinued operations(45,288)(44,957)
Other adjustments(2,986)(553)
Net changes in operating assets and operating liabilities(18,070)(21,048)
Net cash provided by operating activities176,381190,169
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of real estate and investments in unconsolidated real estate partnerships(63,853) 
Capital expenditures(118,430)(130,790)
Proceeds from dispositions of real estate187,737143,719
Purchases of corporate assets(11,891)(6,782)
Purchase of investments in debt securities (Note 4)(51,534) 
Originations of notes receivable from unconsolidated real estate partnerships(641)(968)
Proceeds from collection of notes receivable9,9951,691
Proceeds from sale of interests in and distributions from real estate partnerships11,34211,792
Net increase in cash from consolidation and deconsolidation of entities 13,118
Dividends received from Aimco202168
Other investing activities19,0319,745
Net cash (used in) provided by investing activities(18,042)41,693
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from non-recourse property debt767,523167,367
Principal repayments on non-recourse property debt(905,791)(213,295)
Payments on term loans (90,000)
Net borrowings on revolving credit facility26,200 
Proceeds from issuance of preferred units to Aimco19,02896,110
Redemptions and repurchases of preferred units from Aimco(28,567)(7,000)
Proceeds from issuance of common OP Units to Aimco72,012 
Proceeds from Aimco Class A Common Stock option exercises1,8061,806
Payment of distributions to preferred units(42,402)(43,816)
Payment of distributions to General Partner and Special Limited Partner(43,277)(35,195)
Payment of distributions to Limited Partners(2,181)(1,808)
Payment of distributions to High Performance Units(842)(702)
Payment of distributions to noncontrolling interests(32,974)(37,635)
Other financing activities(24,368)(3,892)
Net cash used in financing activities(193,833)(168,060)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(35,494)63,802
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD111,32581,260
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 75,831$ 145,062